4. Problem 8.07 (Portfolio Required Return) eBook Problem Walk-Through Suppose you are the money manager of a $4.78 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta B A $ 340,000 1.50 700,000 (0.50) C 1,040,000 1.25 D 2,700,000 0.75 If the market's required rate of return is 8% and the risk-free rate is 3%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %